- Circle received OCC approval to establish a federally regulated national trust bank.
- The bank will offer fiduciary digital asset custody for Circle, with USDC reserve management planned as a future capability.
- Circle submitted its application in June 2025 and received conditional approval in December 2025.
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That's a shame.
Why?
I am not a fan of stablecoins and I am definitely not a fan of walled garden, Jeremy Allaire, CBDC proxy stablecoins.
😂